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IM
Islet Management Portfolio holdings
AUM
$49.1M
1-Year Est. Return
17.59%
This Fund
S&P 500
This Quarter
Est. Return
+2.75%
1 Year Est. Return
+17.59%
3 Year Est. Return
+74.89%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$4.06B
AUM Growth
+$1.88B
(+86%)
Cap. Flow
+$1.91B
Cap. Flow
% of AUM
46.98%
Top 10 Holdings %
Top 10 Hldgs %
40.54%
Holding
221
New
108
Increased
40
Reduced
14
Closed
54
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enovis
ENOV
|
+$67.1M |
| 2 |
Gaotu Techedu
GOTU
|
+$52.9M |
| 3 |
QuantumScape Corp
QS
|
+$41.8M |
| 4 |
TAL Education Group
TAL
|
+$36.6M |
| 5 |
SIVB
SVB Financial Group
SIVB
|
+$30.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LPRO
Open Lending Corp
LPRO
|
+$34.3M |
| 2 |
Aecom
ACM
|
+$28.5M |
| 3 |
American Homes 4 Rent
AMH
|
+$20.3M |
| 4 |
KC
Kingsoft Cloud Holdings
KC
|
+$17.2M |
| 5 |
Expedia Group
EXPE
|
+$16.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.69% |
| 2 | Communication Services | 11.11% |
| 3 | Consumer Discretionary | 7.32% |
| 4 | Healthcare | 4.05% |
| 5 | Financials | 3.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
nCino
NCNO
$1.96B
| $30M | 0.74% |
450,000
+325,000
| +260% | +$23.2M |
|
27
Groupon
GRPN
$1.06B
| $27.8M | 0.68% |
550,000
+225,000
| +69% | +$9.74M |
|
28
Otis Worldwide
OTIS
$28.2B
| $27.4M | 0.67% |
400,000
+150,000
| +60% | +$9.81M |
|
29
Uber
UBER
$147B
| $27.3M | 0.67% |
500,000
+300,000
| +150% | +$16.7M |
|
30
Ingersoll Rand
IR
$32.2B
| $27.1M | 0.67% |
+550,000
| New | +$25.4M |
|
|
31
TAL Education Group
TAL
$5.68B
| $26.9M | 0.66% |
+500,000
| New | +$36.6M |
|
32
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
| $26.7M | 0.66% |
+500,000
| New | +$27.4M |
|
33
BILL Holdings
BILL
$4.45B
| $26.2M | 0.64% |
180,000
+105,000
| +140% | +$15.7M |
|
34
Coca-Cola Europacific Partners
CCEP
$46.5B
| $26.1M | 0.64% |
+500,000
| New | +$25.4M |
|
|
ZNGA
35
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $25.5M | 0.63% |
2,500,000
+2,000,000
| +400% | +$20.9M |
|
36
CALL
Weibo
WB
$1.9B
| $25.2M | 0.62% |
500,000
+250,000
| +100% | +$12.6M |
|
37
Wynn Resorts
WYNN
$10B
| $25.1M | 0.62% |
200,000
+90,000
| +82% | +$10.8M |
|
38
iQIYI
IQ
$1.15B
| $24.9M | 0.61% |
1,500,000
+1,250,000
| +500% | +$28.9M |
|
39
US Foods
USFD
$21.4B
| $24.8M | 0.61% |
650,000
+150,000
| +30% | +$5.42M |
|
40
CALL
Bath & Body Works
BBWI
$4.21B
| $24.7M | 0.61% |
+494,800
| New | +$20.4M |
|
41
Micron Technology
MU
$959B
| $24.3M | 0.6% |
+275,000
| New | +$23.3M |
|
42
Electronic Arts
EA
$52.4B
| $23.7M | 0.58% |
+175,000
| New | +$24.2M |
|
43
Yelp
YELP
$1.44B
| $23.3M | 0.57% |
596,400
+146,400
| +33% | +$5.32M |
|
44
Avantor
AVTR
$7.56B
| $23.1M | 0.57% |
+800,000
| New | +$23.1M |
|
45
CarGurus
CARG
$3.16B
| $22.6M | 0.56% |
947,800
+622,800
| +192% | +$18M |
|
|
46
Weibo
WB
$1.9B
| $22.4M | 0.55% |
442,984
+142,984
| +48% | +$7.21M |
|
47
Meta Platforms (Facebook)
META
$1.64T
| $22.1M | 0.54% |
+75,000
| New | +$20.2M |
|
|
48
Gaotu Techedu
GOTU
$408M
| $22M | 0.54% |
+650,000
| New | +$52.9M |
|
49
Caesars Entertainment
CZR
$6.08B
| $21.9M | 0.54% |
250,000
+100,000
| +67% | +$8.39M |
|
|
NUAN
50
DELISTED
Nuance Communications, Inc.
NUAN
| $21.8M | 0.54% |
+500,000
| New | +$23M |
|
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Islet Management's Q1 2021 Portfolio in Review
As of Q1 2021, Islet Management held 221 positions worth $4.06B, up 86% from $2.19B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Islet Management deployed $1.91B of net new capital in Q1 2021, opening 108 new positions and adding to 40 existing holdings. Its largest new stake was Gaotu Techedu: 650,000 shares worth $22M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 11% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Las Vegas Sands, an estimated $10.2M trimmed.
- Islet Management's largest Q1 2021 buy was Gaotu Techedu: 650,000 shares worth $22M.
- Islet Management added most to Enovis in Q1 2021, an estimated $67.1M increase.
- Islet Management's biggest Q1 2021 reduction was Las Vegas Sands, cutting an estimated $10.2M.
- Islet Management fully exited Open Lending Corp in Q1 2021, selling an estimated $34.3M.
- Islet Management's ten largest holdings make up 41% of its $4.06B portfolio in Q1 2021.
- Islet Management opened 108 new positions and closed 54 in Q1 2021.
- Islet Management's portfolio value rose 86% quarter-over-quarter to $4.06B.
Based on Islet Management's 13F filing for Q1 2021, filed 17 May 2021.